ASSESSMENT LIFE INSURANCE 27

both to the members admitted early, but still remaining at young ages, and also more particularly to the very new members, upon the accession of whom, according to its own champions, the prospects for permanency depended. The following will make this clear :

Take the four members admitted at ages 20, 40, 50, and 60, whom we have already used for illustration, and observe the conditions twenty years later. They started out paying the same rates, although that very year they should have paid in the ratios of $7.61 for 20, $9.79 for 40, $13.76 for 50, and $23.69 for 60. Now they are each twenty years older and they are still paying the same rates, without regard to age, though now, according to the risk of death for each by the American Experience Table, they should be paying in the ratios of $9.79, $26.60, $61.99 and $144.47, respectively.

It will be observed that, not only is the youngest man discriminated against more and more heavily, but also that the annual cost to be met by all of them has much increased, and that, though still paying assessments at the same rate as at the outset, they will be paying more of them.

Yet more unfair was the plan to the new member, just admitted at age 20, who is now put on a par with the member now SO as well as with new members at ages higher than himself.